NEA Managing Director Hitendra Dev Shakya (File photo)
KATHMANDU: The Nepal Electricity Authority (NEA) has got approval to procure electricity from the Indian power market at the competitive rate determined by the market.
India’s Ministry of Power, has allowed the NEA to procure electricity straight from the Indian power market on the basis of necessity, said the NEA.
With the approval, Nepal has now become a member of the Indian Power Exchange Market which is a milestone in the power development of Nepal, said NEA Managing Director (MD) Hitendra Dev Shakya.
“It is a historic achievement for power trading between Nepal and India as either country now can procure electricity at the competitive rate determined by the power market without intervention,” said Shakha.
This Nepal’s access to power exchange market opened the avenue for power trading with Bangladesh via India.
The NEA has sent a proposal to the Government of India for its approval to sell the surplus energy during the rainy season, said Shakya.
The energy of Upper Tamakoshi with 456 megawatts and that of Bhotekoshi with 45 megawatts will be in surplus especially during summer.